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MAVA Members Harbert Venture Partners and Square 1 Bank Participate as Netsertive closes on $10M for local digital ad tech

08/14/2012

Local digital advertising has been one of major new media strategies and having technology that automates the process is paying for Durham, NC-based Netsertive.

Netsertive, a fast-growing ad tech firm specializing in localized digital advertising and channel marketing technology, has closed $10 million in a combination of a $7.3 million round of Series B equity financing and a $2.5 million credit facility.

Harbert Venture Partners, of Richmond, VA, led the equity round and was joined by existing Series A investors RRE Ventures and Greycroft Partners, both of New York City. Debt financing was completed with Square 1 Bank, Durham, N.C.